Fossil Group Inc (FOSL) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Fossil Group Inc (FOSL) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $0.12 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.14. The company posted revenue of $659.80 million in the period, compared to analysts expectations of $667.04 million. The company’s revenue was down -9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

Many Wall Street Analysts have commented on Fossil Group Inc. Fossil Group Inc was Downgraded by Macquarie to ” Underperform” on Mar 16, 2016. Fossil Group Inc was Downgraded by Standpoint Research to ” Hold” on Feb 18, 2016. Company shares were Reiterated by Mizuho on Feb 17, 2016 to “Neutral”, Firm has raised the Price Target to $ 36 from a previous price target of $30 .

Fossil Group Inc opened for trading at $39.48 and hit $40.11 on the upside on Friday, eventually ending the session at $39.72, with a gain of 0.35% or 0.14 points. The heightened volatility saw the trading volume jump to 5,84,404 shares. Company has a market cap of $1,912 M.

In a different news, on Dec 10, 2015, Elysia Holt Ragusa (director) sold 2,718 shares at $37.07 per share price.

Fossil Group Inc. is a global designer marketer and distributor company that specializes in consumer fashion accessories. The Company’s offerings include a line of men’s and women’s fashion watches and jewelry handbags small leather goods belts sunglasses soft accessories and select apparel. The Company operates in four different segments: the North America Wholesale segment the Europe Wholesale segment Asia Pacific Wholesale segment and the Direct to Consumer segment. Its products are distributed globally through various distribution channels including wholesale retail stores and commercial Websites. The Company sells its products through a diversified distribution network that includes department stores specialty retail locations specialty watch and jewelry stores Company-owned retail and factory outlet stores mass market stores and through its FOSSIL Website.

Fossil Group Inc

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